In this guide

  • Review
  • Details
    • Product details
  • Key features
  • How to apply
  • Your reviews
  • Ask a question

MyState Bank Hello Saver Account

Summary

This savings account offers interest on balances up to $100,000 with no conditions to meet.

This account offers an introductory variable bonus rate of 4.6% p.a. for the first 4 months for new customers. After the introductory period, you’ll earn an ongoing variable rate of 4.25% p.a. on balances up to $100,000 without having to meet any conditions.

This account could suit you if you’re looking for a set-and-forget option to grow your savings without having to meet any ongoing requirements.

Pros

  • Competitive introductory variable rate
  • No monthly deposit conditions or spend requirements
  • No withdrawal restrictions

Cons

  • Ongoing variable rate is lower than others in the market

In this guide

  • Review
  • Details
    • Product details
  • Key features
  • How to apply
  • Your reviews
  • Ask a question

Details

Product details

Product Name MyState Bank Hello Saver
Maximum Variable Rate 4.60% p.a.
Standard Variable Rate 4.25% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $0
Minimum Age 16

Key features

Introductory variable interest rate of 4.6% p.a.

If you're a new MyState customer you'll earn an introductory variable interest rate of 4.6% p.a for the first 4 months after opening this account. This rate is available on balances up to $100,000 with no conditions to meet.

Standard variable rate of 4.25% p.a.

After the 4 month introductory period (or for current MyState customers), you'll earn the standard variable rate of 4.25% p.a. ongoing on your balance up to $100,000.

There are no deposit conditions to meet to get this rate, and there aren't any withdrawal restrictions or monthly transaction quotas to meet either. You also don't need to grow your balance.

No fees

There are no monthly account keeping fees for this savings account, and there are no fees to transfer money into or out of the account.


How to apply

Complete the online application to create a new account in minutes.

Eligibility

  • You need to be an Australian citizen or permanent resident
  • You need to be at least 16 years old
  • You'll need an active mobile number
  • You'll need at least 2 of the following forms of ID: Australian passport, driver's licence or Medicare card.

Sources

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